On Thursday, benchmark indices climbed to a fresh all-time high in the opening trade with Nifty surpassing 22,500 for the first time. However, the market failed to build on the opening gains and ended the rangebound session on a flatter note.
The S&P BSE Sensex, thus, ended at 74,119, up 33 points or 0.05 percent, while the Nifty50 ended at 22,493, up 20 points or 0.09 percent. While the broader markets, BSE MidCap and SmallCap indices closed up to 0.7 per cent higher.
Listed below is a microcap company that has delivered multibagger returns of more than 1,10,000 percent to its stakeholders in less than 4 years:
With a market capitalization of Rs. 534 crores, the shares of Integrated Industries Ltd started Thursday’s trading session on a higher note at Rs. 670 compared to its previous close of Rs. 663.50. During the trading session, the shares hit a low of Rs. 655.05, making a loss of around 2 percent.
On May 2020, the stock price was trading at Rs 0.59 exhibiting a gain of 1,10,238 percent compared to the current price. For example, if someone had invested Rs. 10,000 into the company’s stock 4 years ago, it would have converted to approx Rs 1.10 crores now.
Looking at the company’s consolidated financial statements, the revenue zoomed by 167 percent from Rs. 46.74 crores during the September quarter to Rs. 125 crores in the December quarter. In addition, the net profits magnified by 607 percent from Rs. 1.30 crores to Rs. 9.19 crores during the same period.
Earlier, the company successfully acquired a running biscuit manufacturing plant with a capacity of 3,400 metric tons per annum at Neemrana, Rajasthan, through its 100 percent wholly owned subsidiary, Nurture Well Food Private Limited.
The company has been focusing on two key segments i.e., Manufacturing of Food Products and Trading of Food Products. The company’s Manufacturing of Food Products segment operated through its subsidiary Nurture Well Foods Pvt. Ltd, is engaged in the manufacturing of biscuits from its biscuit manufacturing plant.
Moreover, the company focuses on quality production using modern machinery, has gained international acclaim for its products, and emphasizes delivering carefully crafted food items globally.
Additionally, the company’s trading in the food products segment is involved in the trading of food-related items, further diversifying its product offerings and market presence.
Headquartered in New Delhi, Integrated Industries Ltd was incorporated in 1995. The company is primarily engaged in the manufacturing and distribution of food products, including organic and inorganic food products, bakery products, and other processed food items.
Written By Vaibhav Patil
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